Rumours From Bloomberg Might Come True After Trump’s Tweet - Forex News by FX Leaders

Rumours From Bloomberg Might Come True After Trump’s Tweet

Posted Thursday, December 12, 2019 by
Skerdian Meta • 1 min read

Bloomberg reported earlier this week that the Phase One deal might become official by Friday this week. That came as a bit of a surprise, after Donald Trump said earlier that he might postpone the deal until presidential elections on China next year. But, now stockmarkets have jumped higher after Trump’s comments that the deal is very close. Below you can find his tweet:

Trump tweet

Wall Street Journal also posted some interesting news on tariffs, which are adding to the positive tones in the markets. Below are some of the pointers from their article:

  • US negotiators offer to cut Chinese tariffs by up to 50% on $360B in imports
  • US would reimpose original tariff level if China fails to carry out pledges
  • Would also cancel planned Dec tariffs
  • US tariff offer made in recent days as both sides seek trade deal
  • US asking China for firm commitments on increased US products

So, positive news all around and now the rumours from Bloomberg at the start of the week, look increasingly believable. Will we see the Phase One deal be signed tomorrow? It’s certainly possible and markets seem to think so.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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